SoundView Technology Group Research Note: Setting Up for the New NXT-ID Inc.
The full report can be read at: http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_Note_NOV_2018.pdf
SETTING UP FOR THE NEW NXT-ID
Highlights
Profitable Growth & Business Expansion
With the PartX spinoff in process the "new
The Logic Mark business is solid and we expect total revenues in 2019 of
Current debt stands at about
So far Logic Mark has grown in a single market (Personal Emergency Response or "PERS") and there is still lots of market share available for them, especially with their lower-cost non-monitored solution.
There are also brand-new initiatives for PERS-like solutions for classes of employees like hotel workers. As reported by
Other applications include hikers, climbers, fisherman, hunters and children. Some national parks are beginning to consider these devices for safety reasons for all visitors. The non-monitored, low cost but very effective Logic Mark technology is a good fit for these types of applications.
Today the PERS market is
During their Q3 investor update on
We revisited our earlier market analysis work and while there are competitive products Logic Mark still stacks up very favorably with respect to competition. This is especially true in the "no monthly fee" category. In addition, their track record as a provider to the VA gives them much more credibility in the space than other device makers.
The long-term story is set to benefit as Logic Mark works to tap into a much larger opportunity in the home market for digital health.
Stock Conclusion
The three most important factors that should drive
Our valuation snapshot is on page 1 but at the current prices shares offer substantial returns based on our
There's no doubt current investors are eager to see further developments, particularly 1) expansion into new channels and 2) more details around the upcoming entry into home healthcare.
Today
ABOUT SOUNDVIEW RESEARCH
SoundView conducts independent research - mostly on emerging technologies. We like thematic-driven companies where technology is involved and use analysis to identify the most promising investment opportunities.
Our business model is combination of subscription fees along with some direct investments and advisory fees. We measure our success by the quality of our analysis, accuracy of the conclusions and the size and influence of our audience. We apply our own proven approach to valuation that we call intrinsic value (IV) for informing investment decisions and optimizing portfolio management.
Disclosures
SoundView serves as a strategic advisor to
Contact:
SoundView Technology Group
+1-617-828-6462
kris@soundview.co
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